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The Robbins Corporation is an oil wholesaler. The firm's sales last year were $ 1 . 0 1 million , with the cost of goods
The Robbins Corporation is an oil wholesaler. The firm's sales last year were $
million with the cost of goods sold equal to $
The firm paid interest of $
and its cash operating expenses were $
Also the firm received $
in dividend income from a firm in which the firm owned
of the shares, while paying only $
in dividends to its stockholders. Depreciation expense was $
What are the firms average and marginal tax rates?
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